Residential Income
806 Station Street Converse, TX 78109
806 Station Street, Converse, TX, 78109
$550,000
For Sale
$550,000
Residential income property offered for sale in Converse, Texas.
Property Size4,352 SF
Price / SF$126.38
Days on Market81
Property Features for 806 Station Street
General Information
- Standard status
- Active
- Size
- 4,352 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1985
Listing agency
Legendary Realty
(210) 214-2685
Listed by
Lucy Huereca
(210) 214-2685
Source
Compass
Added: May 2 Updated: Jul 20 at 5:25PM Checked: Jul 21 at 8:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legendary Realty
Investment Insights
Based on property information with market context.
This residential income property is offered for sale in Converse, Texas. The property is classified as an other residential income property, with a total property size of 4,352 square feet.
The listing is for 806 Station Street in Converse, TX 78109.
Additional details on the unit configuration, condition, and specific income-producing features are not provided in the information available.
The listing is for 806 Station Street in Converse, TX 78109.
Additional details on the unit configuration, condition, and specific income-producing features are not provided in the information available.
Key Highlights
- Residential income property offered for sale in Converse, Texas
- Built in 1985
- Composition roof and slab foundation
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $18.00 |
| − Vacancy | −$5.9k | −$1.35 |
| EGI | $72.5k | $16.65 |
| − OpEx | −$32.6k | −$7.49 |
| NOI | $39.9k | $9.16 |
4,352 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$569.3K
$498.2K – $664.2K
NOI $39,853 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,453 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Residential income property offered for sale in Converse, Texas.
Where is this residential income property located?
The property is located at 806 Station Street Converse, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Residential income property offered for sale in Converse, Texas; Built in 1985; Composition roof and slab foundation
